Maybe the effect of smaller tax refunds on U.S. auto sales won’t be so bad this year after all, as the Internal Revenue Service has done some catching up in the last month. “There were some early reports that tax refunds were down from the prior year,” said Emily Kolinski Morris, chief economist for Ford
The Meydan One in Dubai Crystal Lagoons Fernando Fischmann is creating some of the most amazing water resorts around the world through his Chilean based company Crystal Lagoons. A biochemist-turned-real estate developer Fischmann was inspired by the clear blue waters he saw in natural lagoons while visiting Mexico and the Caribbean many years ago. I had a
An interview with private equity titans Robert F. Smith, Leon Black, Bruce Flatt and Jonathan Sokoloff. In this interview, the gentlemen discuss their private equity investment strategies and how they archive high returns. They also talk about the fund raising environment and give their global outlook on private equity. Like if you enjoyed Subscribe for
Every week — generally on Thursdays — MIcrosoft CEO Satya Nadella and his top lieutenants convene to discuss the company’s growing number of artificial intelligence projects. Known as AI 365, the meetings started over a year ago and reflect Microsoft’s increased emphasis on AI across the product portfolio, Chief Technology Officer Kevin Scott told CNBC
Market sentiment is not great for Gulf states at the moment, Deutsche Bank’s Middle East and Africa CEO said Wednesday, acknowledging the concerns that investors have held about the region in recent years. “The private sector across the region, frankly, is still, sentiment-wise, not feeling too positive,” Jamal Al Kishi told CNBC’s Hadley Gamble, discussing
It may be an earnings season to forget. DataTrek Research’s Nicholas Colas believes the upcoming round of quarterly numbers will be the most contentious in about three years, and he’s worried they could spark the next stock market downturn. “Right now expectations are for a negative 3.9% comp from last year. That’s the worst comp
You know you need to save for retirement and you know how you need to do it. But what happens when you get to your retirement years? Do you know how to turn your life savings into a steady, tax-efficient stream of income? For many individuals, the answer is no. And you’re not alone. Most
Many investors confidently tell me they have discovered the secret to investing: It’s all about passive, Bob. I’m glad they are happy and comfortable with their investment strategy. Unfortunately, I think they are missing some important facts. Most index funds and exchange-traded funds (ETFs) are below-average investments. Here’s why. Fidelity’s study compares strategies Recently, Fidelity
Hopefully your tax returns are not as complicated at Donald Trumps Tax Returns. Either way, how long do you need to keep all your tax records? 2017. / AFP PHOTO / SAUL LOEB (Photo credit should read SAUL LOEB/AFP/Getty Images) Getty For how long you should keep tax records is something everyone should know. Another
You might have to pinch yourself to be sure the stunning surroundings aren’t a dream as you view the beachfront home’s three stories hugging the lower slopes of Diamond Head crater as they meet the water’s edge. Stepping foot inside the custom kiln-formed textured glass entry door will likely confirm your feelings that this impressive home is
It’s not just your imagination. Just about every fast-food chain, from McDonald’s to Carl’s Jr. to Burger King, is introducing more bacon items to their menus. The number of restaurant menus across the U.S. that feature bacon has grown by 5% in the last 10 years. Bacon was found on 68.1% of fast-food menus in
Lyft has threatened litigation against Morgan Stanley, accusing the firm of supporting short-selling for investors who are subject to lock-up agreements. In a letter sent to Morgan Stanley on April 2, Lyft questioned the firm about its alleged role in helping market certain products that would help pre-IPO investors bet against the stock. CNBC reviewed
While hiring in the U.S. rebounded in March, baby boomers who are still in the work force are not doing so great. Employment for people aged 55 and over dropped 209,000 last month, the biggest monthly decline since February 2015 when 251,000 jobs were cut for the age group, according to data from Bureau of
An interview and Q&A with billionaire real estate investor and CEO of Brookfield Asset Management, Bruce Flatt. In this interview, Bruce discusses his approach and guiding principles to investing in real estate. Bruce also talks about how a small investor should invest in real estate and where there is opportunity. Like if you enjoyed Subscribe
It’s no secret that some areas of the country are more expensive to live in than others. Or that salaries, housing costs and taxes can vary. To help figure out how far your money will go based on where you live, new research looks at the amount needed to cover necessities — housing, health care,
Getty Benny retired last week. There was a small party for him in the IT department, and everyone chipped in to get him an Apple Watch, the obligatory successor to the Gold Watch of yore. A couple of decades ago, he and his wife would go off on vacation, doing the travel thing for a
Social Security may be one of your largest assets. What and when you collect will make a huge difference to your lifetime benefits. Today’s column addresses the difference between restricted applications and filing and suspending, the merits of a plan based on one spouse filing early, child-in-care spousal benefits, whether to file for spousal benefits
Certain buyers are willing to pay more when they find a home with a kitchen that suits their tastes. Adobe Stock If you’re looking to appeal to home buyers, start with your kitchen. A new Zillow analysis of listing features that fetch a higher sale price found that upscale kitchen amenities can be a recipe
Mondelez and Campbell’s Soup are locked in a stalemate over the sale of the soup company’s Arnott’s cookie brands, people familiar with the matter tell CNBC. The Oreo-owner submitted a final offer a few weeks ago for Campbell’s international business, including Arnott’s, that was below Campbell’s roughly $3-billion price expectation, the people said. The two
President Donald Trump’s potential nominations of Stephen Moore and Herman Cain to the Federal Reserve could be the beginning of a politicization of the central bank, according to Barclays’ chief U.S. economist. “When it comes to nominees, most people that get nominated to the board, regardless of what party is in power, they tend to